Marriott International, Inc. (NASDAQ:MAR) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 207.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,124 shares of the company’s stock after acquiring an additional 4,807 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Marriott International were worth $1,797,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Roble Belko & Company Inc boosted its stake in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Marriott International in the 1st quarter valued at approximately $29,000. ORG Partners LLC lifted its stake in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in Marriott International in the 4th quarter valued at approximately $30,000. Finally, Annapolis Financial Services LLC purchased a new stake in Marriott International in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MAR. BMO Capital Markets upped their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird upped their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho upped their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Susquehanna began coverage on Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $243.59.

Marriott International Stock Down 3.0 %

Shares of MAR stock traded down $7.27 on Wednesday, reaching $235.04. 1,762,579 shares of the stock were exchanged, compared to its average volume of 1,449,193. The stock has a market cap of $67.13 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 4.57 and a beta of 1.60. The firm has a 50 day moving average of $239.05 and a two-hundred day moving average of $241.80. Marriott International, Inc. has a 1-year low of $180.75 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Marriott International, Inc. will post 9.56 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a $0.63 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, May 23rd. Marriott International’s dividend payout ratio is currently 26.01%.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.